August 26, 2025
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Bitcoin Suffers Technical Setback, Loses 100-Day AVERAGE AS XRP, ETH AND SOL HOLD GROUND

Ether, Solana, and XRP Mainten Relative Stronger Positions.”, – WRITE: www.coindesk.com

Bitcoin Suffers Technical Setback, Loses 100-Day AVERAGE AS XRP, ETH AND SOL HOLD GROUNDEther, Solana, and XRP Mainten Relative Stronger Positions. AUG 26, 2025, 7:51 AM

This is a Daily Analysis by Coindesk Analyst and Charterred Market Technician Omkar Godbole.

Bitcoin’s (BTC) Technical Outlook Has Deteriorated Over The Past 24 Hours, with Prices Droping Below a Key Moving AVERAGE for the FIRST TIME SINCE April. This Breakdown Has Left Btc at A Disadvantage Compared to Majoor Tokens Such As Ether (ETH), XRP, AND SOLANA SOL$ 188.98.

BTC HAS DROPED OVER 1% IN THE PAST 24 HOURS, HITTING A LOW OF $ 109,172 AT One Point.

In the Process, The Cryptocurrency Has Convincingly Dipped Below The 100-Day Simple Moving AVERAGE (SMA), A widly tracked Momentum Indicator and Support/Resistance Line, for the FIRST.

Further, prices have crossed Below the Ichimoku Cloud, Indicating A Bearish Shift in Momentum.

The Dual Breakdown Has Bolstored the Bearish Technical Outlook Suggested by the Recent Violation of the Upward-Sloping Trendline from the April Lows and the Consuctive Negativ Prins. Taken Together, The Recent Pattern Looks Similar to the February Breakdown That Set The Stage for a Deteper Sell-Off To $ 75k.

BTC's Daily Chart. (TradingView/Coindesk)BTC’s Daily Chart. (TradingView/Coindesk)

The Next Key Level to Watch Out for Is $ 105.390, Which Is The 38.2% Fibonacci Retracement of the April-July Rally, Followed by the 200-Day Sma at $ 100.928.

The Bulls Need to Overcome the Lower High of $ 117.416 Created On Aug. 22 to Negate the Bearish Technical Setup.

  • Resistance: $ 111.592, $ 117.416, $ 120,000
  • Support: $ 105.390, $ 100.928, $ 100,000.

XRP, Eth and Sol Hold GroundWhile bitcoin have been suffered the Dual Breakdown, XRP Continues to Trade Above Its 100-Day SMA. However, prices are “Stuck in the Ichimoku Cloud,” Wichmeans the token is Trading Within a Zone of Uncertainty and Consolidation WHERE Neuther Bulls Nor Bears Area. IT Suggests Indecision and Lack of A Strong Trend.

Meanwhile, Ether and Sol Continue to Trade Above Their Respect 100-Day Smas and Ichimoku Clouds. Therefore, a potential risk-on could see broth and sol outperform btc and xrp.

Eth, Sol, Xrp Daily Charts. (TradingView/Coindesk)Eth, Sol, Xrp Daily Charts. (TradingView/Coindesk)

Read More: Massive $ 14.6b Bitcoin and Ether Options Expiry Shows Bias for Bitcoin Protection

Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.

Omkar Godbole

Omkar Godbole is a co-managing Editor and Analyst on Coindesk’s Markets Team. He has been covering Crypto options and Futures, as Well As Macro and Cross-Asset Activity, Since 2019, Leverage His Prior Experience in Directional and Non-Direseal Derivat. His Extensive Background Also Encompasses the FX Markets, Having Served As A Fundamental Analyst at Currency and Commodities Desks for Mumbai-Basted Brokeres and Fxstre. OMKAR HOLDS SMALL AMUNTS OF BITCOIN, Ether, Bittorrent, Tron and Dot.

Omkar Holds A Master’s Degree in Finance and A Charterred Market Technician (CMT) Designation.

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Massive $ 14.6b Bitcoin and Ether Options Expiry Shows Bias for Bitcoin Protection

Massive Crypto Options Expiry Looms. (Yashowardhan Singh/Unsplash)The Impending Expiry Shows A Strong Demand for Bitcoin Put Options, Indicating A Preference for Downside Protection,

What to Know:

  • Bitcoin and Ether Options WORTH Over $ 14.6 Billion Are Set to Expire Friday, Marking A Significant Event in the Derivatives Market.
  • The Expiry Shows A Strong Demand for Bitcoin Put Options, Indicating A Preference for Downside Protection, While Ether Options Are More Balanced.
  • The Options Market Has Grown Significantly Since 2020, with Max Pain Levels for Bitcoin and Ether at $ 116,000 and $ 3,800, Respectively, Being Key Focal Points.

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